Tennessee Orders Kalshi, Polymarket, Crypto.com to Halt Sports Betting by 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Regulatory Action: Tennessee's Sports Wagering Council has issued cease-and-desist orders to Kalshi, Polymarket, and Crypto.com, mandating them to halt sports betting activities and refund users by January 31, 2026, highlighting strict regulatory oversight on unauthorized betting operations.
- Legal Consequences: Non-compliance with these orders could result in civil penalties and potential criminal charges, indicating the state's strong emphasis on compliance, which may impact the operational viability of these platforms.
- Market Impact: This action could prompt other states to enhance regulatory scrutiny on crypto platforms, reflecting a growing trend of legal examination of prediction markets across the U.S., potentially influencing future regulatory standards.
- Industry Pressure: Tennessee's move may pressure crypto platforms to improve compliance measures nationwide, thereby affecting the future trajectory of financial and betting markets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
